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by 79d697i6fdif
3391 days ago
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antitrust is all bark with no bite these days. Most industries having 3-4 "competitors" that don't actually compete is the new norm. I wouldn't be amazed if a link is shown between this situation and the increasing wealth inequality |
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"To get a flavor of how thoroughly the federal government managed competition throughout the economy in the 1960s, consider the case of Brown Shoe Co., Inc. v. United States, in which the Supreme Court blocked a merger that would have given a single distributor a mere 2 percent share of the national shoe market."